CNBC, 30 Dec 2010: Aussie Soars Against the Greenback
“The U.S. dollar will continue to lose ground in 2011″, says Mario Singh, CEO of FX1 Academy and Director of Training & Education at FXPRIMUS.com. Meanwhile, he tells CNBC’s Martin Soong & Adam Bakhtiar that the Aussie will extend gains as investors flock to commodity currencies.
“China is blowing hot and cold right now….my take is that they are just in a position where it’s a knee-jerk reaction,” Mario Singh, director training & education FXPrimus.com told CNBC after China said it was worried Europe would not be able to contain its debt crisis but that it backed the steps taken by the authorities to tackle the crisis.
Following a sharp jump in Chinese inflation data, Mario Singh, director for Training & Education at FXPrimus.com, tells CNBC’s Chloe Cho, Maithreyi Seetharaman and Yousef Gamal El-Din, that it’s about time for the PBOC to raise rates. He also shares his outlook on the euro.
Euro-dollar is expected to pop up to about $1.3450, then fall straight down, says Mario Singh, CEO of FX1 Academy and Director of Training & Education at FXPRIMUS.com. Meanwhile, Alastair Newton, MD & senior political analyst at Nomura International, shares his thoughts on what the ECB should do ahead of its policy meeting, with CNBC’s Bernard Lo and Karen Tso.
Mario Singh, director of training & education at FXPRIMUS.com, explains why he was disappointed with the outcome of last week’s G20 meeting, with CNBC’s Steve Sedgwick, Chloe Choe and Jackie DeAngelis.